Contents
Description of the Application
Tifi Slice is an application that is both trustworthy and safe in Kenya!
• Authorize the deposit of monies into your account, and then make the deposit.
• Put your attention on hospitable clients!
Loan Application Requirements
Download the application and fill it out; have an M-pesa account; be between 20 and 60 years old; have Kenyan citizenship; have the original ID card; have an M-pesa account; have a statement from M-pesa.
The Procedure for Applying for a Loan
• Save application to your computer
• Complete the application in its entirety. There is neither a down payment nor any paperwork required.
• Upload your M-pesa statement.
• Confirmation of one’s identification via our secure system.
• Obtain loans.
Procedures for Paying Back a Loan
You have the option of paying either online or offline.
The Process of Figuring Out Interest Rates On Loans
The offer on the Loan Application:
* Loan Amount: KES3000 – KES100,000
* Loan Term: 91 – 365 days
* Service Fee: 0%
* Loan Term: 91 – 365 days *
* Interest rate: Minimum 12%- Maximum 50%(APR) *
*Example: If the loan amount is KES 5,000, the loan duration is 180 days, and the annual percentage rate (APR) is 36%, then the total service cost should be KES 5,000 multiplied by 36% divided by 2.
The total amount that needs to be paid is: KES 5000 plus KES 5000 multiplied by 36%/2, which equals KES 5900
After 180 days, in the event that you decide to make a one-time repayment, you will be required to make a one-time repayment in the amount of KES 5900.
If you decide to make repayments on a monthly basis, the amount that you will need to pay each month will be 5900/6, which is equal to 983.34 Kenyan Shillings.
*Depending on the total amount of the loan that is accepted, customers have a variety of repayment terms from which to choose.
You may grow with Tifi and expand your limit to Ksh100,000 as long as you make your payments on time • you can pay in advance at any moment without incurring any fees!
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